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Bitcoin Turns at Christmas & New Highs in 2020

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DRutter
@drutter
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I've made flawless Bitcoin price predictions for 7 years straight, and I have a crystal-clear view of what's coming next. I say this not to boast, but because it's true, it's documented, it's incredible, and nobody else is reporting on it. It's up to me to point out nobody has been as right about Bitcoin as me, as often as me, for as long as me.

(BTC from the beginning, logarithmic price scale, blue arrows at Christmas)

The History

Exactly one year ago, when Bitcoin was under $3500 USD, I predicted that we were at the bottom. Having been right about at least a dozen major calls in a row at that point, I was confident I could see a turnaround coming, despite many so-called crypto experts calling for $2000.

Once again, despite going out on a limb when almost nobody else was willing to, I was 100% correct.

https://www.youtube.com/watch?v=L5M8NOwQQkY

Indeed, Bitcoin turned at Christmas, and we haven't seen the $3200 bottom (or anywhere near it) since then. After a mid-year high of $13500, we're currently at about $7000, a week before Christmas. Yesterday, there was a brief dip to $6500, which may have already been the low.

Regardless; Bitcoin turns at Christmas, so we're at-or-near bottom.

Technically speaking, the 2019 yearly chart can be summarized as "a higher high and a higher low" - a classic recovery pattern. So why all the bearish sentiment at the moment? Because the masses never see the big picture. They see a recent pullback in price, that's all. They can't see that it's perfectly expected, given recent huge moves up, and that it sets us up for a MASSIVE bull run through the next 12+ months.

This was all covered in one of my longer-term predictions, regarding 2018 through 2020. The only part which hasn't already played out is the rise to new all-time highs ($20000+).

I'll link back to this post in a year. I suspect Bitcoin for $7000 will only be a distant memory at that point.

(This isn't investing advice for you. It's not even investing advice for ME! I don't invest. I'm just flawless at predicting Bitcoin price moves. Your decisions and gains/losses are your own.)

DRutter